ENGLEWOOD, Colo.--(www.AllPayNews.com)--May 24, 2006--Springbok Services, Inc., a registered member service provider of Key Bank and a leading provider and processor of prepaid MasterCard cards issued by KeyCorp, announced today that it has met the MasterCard Physical Security Standards for Plastic Card Vendors and the MasterCard Logical Security Requirements for Card Personalization. This makes Springbok only the 20th company in the U.S. to be certified for personalizing, embossing, encoding and mailing MasterCard, Maestro or Cirrus Cards for members.
Springbok Chief Executive Officer Taylor Ohlsen stated, "We are understandably pleased to add this new offering to our suite of prepaid solutions. Now combined with our services as a processor, branded card production and fulfillment provides complete vertical integration, the first end-to-end solution in the prepaid industry. With the speed and agility of a Springbok, our clients will realize even greater benefits associated with customizing both their large and small programs, enabling them to attract new customers, deliver new revenue, reduce cost, and build brand recognition and loyalty."
"Springbok has developed some truly exceptional capabilities within the prepaid market through its certification for branded card production and fulfillment," said Ted Dargan, Prepaid Product Sales, Team Lead, Americas Region, MasterCard International. "Springbok is one of the earliest service providers for issuers of prepaid MasterCard incentive and promotional card programs and we are pleased that Springbok continues working to help bring innovative prepaid programs to the market."
Chairman and Founder of Springbok Services Dwayne Jones explained, "After years of being limited by the challenges associated with third party card production and fulfillment, Springbok decided to create a one-stop-shop by bringing all of the components of our prepaid service offering in house, truly enabling us to enhance our value proposition by delivering what our clients want, when they want it."
Springbok has a tradition of being an innovator since entering the prepaid market in 1998 and continues on this path by adding card production and fulfillment. "We firmly believe we have increased our competitive advantage by having direct control of all the processes related to the delivery and support of our clients' prepaid programs under one roof," said Jones. "While this is a big step, we would expect some of our competitors to try and follow which further validates our direction and also speaks to the significant growth and magnitude of the overall prepaid market opportunity."
About Springbok Services, Inc.
Established in 1998, as The Best Present Company, Springbok is a leading provider of program management, processing and fulfillment services for prepaid MasterCard card programs issued through KeyCorp. Springbok provides a wide variety of distinctive, agile and secure prepaid solutions to over 4,000 clients including nearly 200 of the Fortune 500. For more information on Springbok, please visit www.SpringbokServices.com or call 303-397-4254.
About MasterCard International
MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard manages a family of well-known, widely accepted payment card brands including MasterCard(R), Maestro(R) and Cirrus(R) and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless(R) advertising campaign is now seen in 106 countries and in 50 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com.
Contacts
Springbok Services, Inc.
Tim Birk, 303-397-4254
or
Waggener Edstrom for MasterCard International
Sarah Ely, 203-353-7028
June 19, 2013
